Euro / Japanese Yen

Short

Engulfing candle and double touch of the pivot point

Updated

Big engulfing candle and a double test of the pivot point could be a sign of a reversal and 90 pip trade, i'll leave it for now but this looks like it's a continuation of the downtrend for this pair, i'll wait until stochastic crosses above the 80 to jump in.

Trade closed: stop reached

Stopped out

Note

Stop-loss was too small

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